Recovery of construction worldwide is slowing amid challenges, according to the Royal Institution of Chartered Surveyors Global Construction Monitor. Its latest activity index, which measures current and expected workloads for global respondents in residential, non-residential and infrastructure sectors, as well as company profit margins, reached +18 in the third quarter of 2021, falling from +25 in the second quarter.
The index for the U.S. stands at +34, down from last quarter’s +45, while Canada registered at +46, up from the previous reading of +39, said the RICS survey. The European index reached +34, showing no change from quarter two, while Asia Pacific came in at +3, a sharp fall from +21 in the second quarter. The index in the Middle East and Africa stand at +18, up from last quarter’s +8.